Instructor: Howard Anderson, Senior Lecturer at Harvard Business School and co-founder of Battery Ventures
“Sweet are the uses of Adversity,” said William Shakespeare. But then again, Shakespeare never had his ventures explode on him. Companies get into trouble all the time – they make the wrong products for the market, their sales fail to meet quota, their factories go on strike. But this course is not about the day-to-day problems that companies run into. It examines what action items a venture must do when its very existence is at stake. This is the situation where time is the critical element – there isn’t enough time to hire consultants, do research, hire new employees – it is when Top Management must make decisions often with insufficient data and a series of alternative options – all of which seem ‘sub-optimal.’ But one must be chosen.